You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
FOR LEASE
Turn key restaurants

261 Saint Mihiel Dr Riverside, NJ 08075

600 SF 0.34 ac lot
Individually Owned 12-yr Hold Absentee Owner Free & Clear
Property ID
US59-1488997
Property summary
AI-generated overview

This exceptional 0.34-acre property at 261 Saint Mihiel Drive in Delran, New Jersey, presents a compelling investment opportunity. Boasting a substantial 14,863 square feet of land, this site is zoned I-2, opening doors to a wide array of potential commercial uses. The property's strategic location within Delran positions it to benefit from the township's ongoing revitalization efforts. The true value lies in the land itself, offering significant potential for development and future growth. Further enhancing its appeal, there's a possibility of acquiring additional land from the township, providing convenient easement access to American Legion Drive. This access improvement would significantly enhance the property's logistical advantages and overall development potential. This is a rare chance to acquire a well-situated parcel in a thriving area, primed for a variety of commercial ventures. The I-2 zoning allows for diverse development options, making this an attractive proposition for investors seeking a strong return on investment. Serious inquiries are encouraged to explore the full potential of this remarkable property and the possibilities it presents. The potential for expansion via additional land acquisition from the township adds to the overall attractiveness of this unique opportunity.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Total area 600 SF
Lot 0.34 ac (14,863 SF)
Zoning code I2
APN 30 00502-0000-00010
UPID US59-1488997
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Joseph L Graham · 12 yrs held
Joseph L Graham
since 2014
1 recorded transaction
2014
Price N/A
Zoning & alternative use
I2 · Delran, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message